The Nifty has rallied 10% in the past month from the 2022 lows, while the bond yield has declined 23 basis points from 7.37% to 7.16% during this period. Estimated earnings yield to bond yield is trading below its 15-year average of 0.76%.
Big Movers on D-Street: What should investors do with Kotak Mahindra Bank, Hitachi Energy?
Thursday’s session saw Kotak Mahindra Bank shares ending 11% lower at Rs 1,643 on NSE while Hitachi Energy India shares ended nearly 14% up at